Ford What about Loans for Energy Efficiency

Ford (F) nailed it big time and came out with stellar earnings. Given the supposed weakness of GM and Chrysler they put their mark on the wall. The US market will continue to be problematic and most of the profit gains have come from cost reduction.

The one area they are not really explaining is the loans from the US government for energy efficient vehicles. Here is the quote “Received $886 million in loans from the U.S. Department of Energy for development of more fuel-efficient vehicles. Ford has been approved for up to $5.9 billion in loans in support of projected expenditures through mid-2012”

I presume that the loans are to support eventual manufacturing in the US. Other than puffing concept cars that make interesting pictures, there is no disclosure on the green initiative. If we are all going to green more fuel efficient vehicles we should be able to follow the money.